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Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P
Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Southern Pacific Resource Corp
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Comment by Felix56on Jun 05, 2008 6:42pm
352 Views
Post# 15151401

RE: no movement

RE: no movementSven_Lorenz,
Right on  the money!

The management give us another blow with the dilution of the shares to buy ROH.
I would never exchange with the current financial market condition contIngent on possible or probable bitumen resources.

You see the same what other investors saw a long time ago and left us.   I was always confident with AOS management even STP was ahead almost 2 years with development.  Playing megalomania and being  penny stock  very rarely ends up short term well for small time investors.

There is no question STP is hugely undervalued, but I expect this summer much lower price.

Felix56
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities